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HDFC Bank Revises FD Rate Lower For Second Time In A Month


Considering the RBI's nudge to pass on the rate cuts to end consumers, banks have been revising their deposits as well as lending rates lower. And this time, HDFC Bank has for the second time in a month has revised its interest rate lower:

HDFC Bank Revises FD Rate Lower For Second Time In A Month

The new rates are effective from August 30,2019:

FD Tenure Interest rate
7-14 days 3.5%
15-29 days 4.25%
30-45 days 5.15%
46-60 days 5.65%
61-90 days 5.65%
91 days- 6 months 5.65%
six months one day to nine months 6.25%
nine months one day to less than 1 year

For FDs with higher tenure

FD Tenure Interest rate
1 year 6.9%
one year one day to two years 6.8%
2 years 1 day to 3 years 7.1%
3 year 1 day to 5 years 7%
5 years 1 day to 10 years 7%

Read more about: hdfc bank fd fixed deposit
Story first published: Friday, August 30, 2019, 13:23 [IST]
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